Recommendation: BUY 1…
EUR/USD: euro returned to positive area
Technical levels: support – 1.1800; resistance – 1.1840.
- Buy — 1.1800; SL — 1.1780; TP1 — 1.1870; TP2 – 1.1900
Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising lines; the prices are returned to the positive area and may go higher.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
We’ve got a pullback from the lower “Window”, so there’s a bullish “Doji”, which has been confirmed .